SODOPA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SODOPA
Largest movements
- Current investments -€999,343
down €999,343 (-7.4%), from €13.4m to €12.4m
- Tangible fixed assets +€802,691
up €802,691 (+23.1%), from €3.5m to €4.3m
- Cash +€685,638
up €685,638 (+59.2%), from €1.2m to €1.8m
mainly Current investments (+€999,343) and Net result for the year (+€605,225)
- Profit (loss) carried forward +€609,473
up €609,473 (+10.8%), from €5.6m to €6.3m
- Financial income +€456,531
up €456,531 (+116.6%), from €391,673 to €848,204
- Financial charges -€106,621
down €106,621 (-65.5%), from €162,824 to €56,202
- Depreciation -€80,624
down €80,624 (-41.7%), from €193,543 to €112,918
- Gross operating margin -€20,410
down €20,410 (-269.2%), from -€7,582 to -€27,993
- Other operating charges +€19,493
up €19,493 (+340.1%), from €5,731 to €25,224
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,187,721 | €18,812,305 | +€624,585 | +3.4% |
| Fixed assets | 21/28 | €3,481,491 | €4,307,336 | +€825,845 | +23.7% |
| Intangible fixed assets | 21 | €3,961 | €3,961 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,477,530 | €4,280,221 | +€802,691 | +23.1% |
| Land and buildings | 22 | €3,477,530 | €4,280,221 | +€802,691 | +23.1% |
| Financial fixed assets | 28 | - | €23,154 | +€23,154 | |
| Current assets | 29/58 | €14,706,230 | €14,504,970 | -€201,260 | -1.4% |
| Amounts receivable within one year | 40/41 | €127,393 | €239,838 | +€112,445 | +88.3% |
| Other amounts receivable | 41 | €127,393 | €239,838 | +€112,445 | +88.3% |
| Current investments | 50/53 | €13,420,604 | €12,421,261 | -€999,343 | -7.4% |
| Cash at bank and in hand | 54/58 | €1,158,233 | €1,843,871 | +€685,638 | +59.2% |
| Total equity and liabilities | 10/49 | €18,187,721 | €18,812,305 | +€624,585 | +3.4% |
| Equity | 10/15 | €18,182,671 | €18,787,895 | +€605,225 | +3.3% |
| Contributions | 10/11 | €401,688 | €401,688 | = | 0.0% |
| Reserves | 13 | €12,135,586 | €12,131,338 | -€4,248 | 0.0% |
| Non-distributable reserves | 130/1 | €151,648 | €151,648 | = | 0.0% |
| Own shares acquired | 1312 | €151,648 | €151,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €443,812 | €439,564 | -€4,248 | -1.0% |
| Distributable reserves | 133 | €11,540,126 | €11,540,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,645,396 | €6,254,869 | +€609,473 | +10.8% |
| Amounts payable | 17/49 | €5,050 | €24,410 | +€19,360 | +383.4% |
| Amounts payable within one year | 42/48 | €5,050 | €24,410 | +€19,360 | +383.4% |
| Trade debts | 44 | €890 | - | -€890 | |
| Suppliers | 440/4 | €890 | - | -€890 | |
| Other amounts payable | 47/48 | €4,160 | €24,410 | +€20,250 | +486.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,543 | €112,918 | -€80,624 | -41.7% |
| Other operating charges | 640/8 | €5,731 | €25,224 | +€19,493 | +340.1% |
| Gross operating margin | 9900 | -€7,582 | -€27,993 | -€20,410 | -269.2% |
| Operating profit (loss) | 9901 | -€206,856 | -€166,135 | +€40,721 | +19.7% |
| Financial income | 75/76B | €391,673 | €848,204 | +€456,531 | +116.6% |
| Recurring financial income | 75 | €391,673 | €848,204 | +€456,531 | +116.6% |
| Financial charges | 65/66B | €162,824 | €56,202 | -€106,621 | -65.5% |
| Recurring financial charges | 65 | €162,824 | €56,202 | -€106,621 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €21,993 | €625,866 | +€603,873 | +2745.7% |
| Income taxes | 67/77 | €21,765 | €20,641 | -€1,124 | -5.2% |
| Profit (loss) for the period | 9904 | €228 | €605,225 | +€604,997 | +265128.5% |
| Transfer from tax-exempt reserves | 789 | €4,248 | €4,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,476 | €609,473 | +€604,997 | +13516.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.